Powell’s speech, Nvidia’s chips, Meta deal - what’s moving markets
PITTSBURGH - MSA Safety Incorporated (NYSE: NYSE:MSA), a manufacturer of safety products, has announced its upcoming dividend payments for the first quarter of 2025. The company's Board of Directors declared a dividend of $0.51 per share on common stock, set to be paid on March 10, 2025, to shareholders of record as of February 14, 2025. According to InvestingPro data, MSA has maintained dividend payments for 52 consecutive years and raised them for 11 straight years, with a current yield of 1.26%.
In addition to the common stock dividend, MSA Safety will also pay a dividend of $0.5625 per share on preferred stock. This dividend is payable on March 1, 2025, to shareholders on record by February 14, 2025.
MSA Safety, with a history dating back to 1914, specializes in advanced safety products and technologies. The company serves a variety of industries worldwide, aiming to ensure worker and facility safety. MSA Safety reported 2023 revenues of $1.8 billion and is based in Cranberry Township, Pennsylvania. It employs over 5,000 associates across more than 40 international locations.
The announcement of the dividends follows MSA Safety's commitment to delivering sustainable value to its shareholders. This move is part of the company's regular financial practices and reflects its ongoing performance and financial health.
The information regarding the dividend payments is based on a press release statement from MSA Safety.
In other recent news, MSA Safety has reported a slight 3% decrease in net sales to $433 million, offset by a 3% increase in adjusted earnings per share to $1.83 in its Q3 results. The company has also declared Q4 dividends for both common and preferred stock, with shareholders set to receive $0.51 per share on common stock and $0.5625 per share on preferred stock. DA Davidson and B.Riley Financial have both initiated coverage on MSA Safety, issuing a Buy rating with price targets of $195 and $200 respectively. Jefferies has also initiated coverage, issuing a Hold rating and setting a price target of $200. These recent developments follow MSA Safety's securing of a $33 million contract to supply the U.S. Coast Guard with advanced firefighter breathing apparatus over the next decade. Initial orders, valued at around $22 million, have already been placed. The company is projected to achieve an 8%-10% earnings compound annual growth rate (CAGR) through 2028, according to DA Davidson's analysis.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.